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Intra-industry trade of Arab countries : an indicator of potential competitiveness

Author: Oli Havrylyshyn; Peter Kunzel; International Monetary Fund. Middle Eastern Department.; International Monetary Fund. Policy Development and Review Department.
Publisher: [Washington, D.C.] : International Monetary Fund, Middle Eastern Dept. and Policy Development and Review Dept., ©1997.
Series: IMF working paper, WP/97/47.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The recent signing and ongoing discussions of bilateral agreements to liberalize trade between the European Union (EU) and several Arab countries2 raises the question as to how the latter will fare in a more competitive environment. Most Arab countries have traditionally been dependent on their natural resources and, as a consequence, they have had fewer pressures to diversify and specialize their industrial base.  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Havrylyshyn, Oli.
Intra-industry trade of Arab countries.
[Washington, D.C.] : International Monetary Fund, Middle Eastern Dept. and Policy Development and Review Dept., ©1997
(OCoLC)36864016
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Oli Havrylyshyn; Peter Kunzel; International Monetary Fund. Middle Eastern Department.; International Monetary Fund. Policy Development and Review Department.
ISBN: 1283555360 9781283555364
OCLC Number: 647492577
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (26 pages).
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/97/47.
Responsibility: prepared by Oleh Havrylyshyn and Peter Kunzel.

Abstract:

The recent signing and ongoing discussions of bilateral agreements to liberalize trade between the European Union (EU) and several Arab countries2 raises the question as to how the latter will fare in a more competitive environment. Most Arab countries have traditionally been dependent on their natural resources and, as a consequence, they have had fewer pressures to diversify and specialize their industrial base. As Nsouli, Bisat, and Kanaan (1996), and Havrylyshyn (1997b) point out, some Arab countries are more able to adapt to new trade opportunities, whereas others have less flexibility to adjust to new market opportunities and increased competition. In the trade literature, the amount of intra-industry trade (IIT), or trade in similar goods which a country does, is often taken as a measure of the diversity, degree of specialization, and degree of technical sophistication of its industrial sector. This can be used to infer the country's ability to compete in a changing environment. This study will analyze IIT changes and evolution over the period 1984-94 to shed light on the level of industrial specialization for Arab countries, and the implied potential to compete with industrialized economies in a more open trade setting.

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